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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Law
3 mins to read

Former Stonewood directors win $3.5m settlement doc appeal

A judge had ruled last year there was ‘strong justification’ for allowing creditors access.

Jim Boult.

Key points
  • What’s at stake: Access to documents relating to a $3.5 million settlement reached in the $26m collapse of Stonewood Homes.
  • Background: The building group collapsed in early 2016 and claims brought against former directors Jim Boult and Brent Mettrick were settled, with $2.6m going to property developer Chris Meehan.
  • Main players: Jim Boult, Brent Mettrick, Chris Meehan, Stonewood Homes, Rhys Cain, Rees Logan, EY.

Former Queenstown Mayor Jim Boult and fellow former Stonewood Homes director Brent Mettrick have successfully appealed a decision that allowed a creditor’s access to files relating to a $3.5 million settlement made with the liquidator in the company’s $26m collapse.

Stonewood Homes and related

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Hamish McNicol Tue, 07 Nov 2023
Contact the Writer: Hmcnicol@nbr.co.nz
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Key points
  • What’s at stake: Access to documents relating to a $3.5 million settlement reached in the $26m collapse of Stonewood Homes.
  • Background: The building group collapsed in early 2016 and claims brought against former directors Jim Boult and Brent Mettrick were settled, with $2.6m going to property developer Chris Meehan.
  • Main players: Jim Boult, Brent Mettrick, Chris Meehan, Stonewood Homes, Rhys Cain, Rees Logan, EY.
Former Stonewood directors win $3.5m settlement doc appeal
Law,
101562
true